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Am I considered a FTB?
swanny78
Posts: 86 Forumite
I have been shopping around for mortgages and confused by Halifax website on what the consider a FTB. Most banks I've looked at consider you a FTB if you have not owned a property for 3 years. Halifax seem to suggest owned a property ever. I had a house i sold in 2002 and have rented ever since due to work requirements. Will Halifax consider me for a ftb or not. They have good deals at the moment.
tx in advance.
tx in advance.
0
Comments
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No, you aren't.First time buyers (FTB)
To qualify for a FTB product, one applicant must not have previously bought or owned a property (including inherited/bought for cash).I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Does this apply to other countries. I have owned property in Scotland... Will I be a ftb in England?0
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No. It doesn't.
Lenders treat the UK as a single country.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Will they do a search of LR records to try and find out if you have ever owned a property before. I think not and why would it ever come up in future for them to find out?I think....0
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